![]() |
|
Parking Lot Off-topic chatter pertaining to movies, TV, music, video games, etc. |
View Poll Results: How Would You Fix Social Security? | |||
Raise Tax |
![]() ![]() ![]() ![]() |
0 | 0% |
Cut Benefits |
![]() ![]() ![]() ![]() |
1 | 4.17% |
Privatize |
![]() ![]() ![]() ![]() |
12 | 50.00% |
Other (explain) |
![]() ![]() ![]() ![]() |
11 | 45.83% |
Voters: 24. You may not vote on this poll |
![]() |
|
Thread Tools | Display Modes |
![]() |
#91 | |
The Starter
Join Date: Aug 2004
Location: The Southeast
Age: 41
Posts: 2,119
|
Re: How to Fix Social Security
Quote:
Medical, health and emotional issues will weed out a substantial number, and age discrimination aside, companies will find ways to get rid of them. The fundamental problem with providing for these people is it kills of incentive. What's the incentive to live responsibly and manage your money wisely if the government will bail me out regardless of what I do? Maybe if people could look ahead and see that they'll be living on the street at 70 if they don't plan ahead they'll have some incentive to manage their finances responsibly.
__________________
Your post count, reputation score, popularity ranking, VIP tag or funny signature has no bearing on how I value you as an individual. |
|
![]() |
![]() |
Advertisements |
![]() |
#92 | |
A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 45
Posts: 12,439
|
Re: How to Fix Social Security
Quote:
I agree on your point about incentive, you can still build incentive into this program. Please don't mistake me for someone who thinks the current system is any good. It's not, it's horrible. The only thing worse than this system would be having no system at all. That's the part where I'm calling for change - force people to contribute a minimum amount to a low-risk portfolio consisting largely of bonds - but give them options to contribute more if they wish. And on the extra contributions, give people a choice of what to invest in (stocks, bonds, real estate trusts, international stocks, etc.). With this type of program, everyone still contributes a minimum amount, just enough to sustain them in old age. But it also affords everyone the opportunity to control their destiny, and thus enhances the incentive you speak of. In other words, you need to provide those with half a brain the opportunity to be incented. Those without half a brain will not take advantage of any incentive, no matter how delicious that carrot might look to a reasonable person. Those people still need to be hand-held to an extent, or our economy will suffer in the long run. You need a hybrid model.
__________________
God made certain people to play football. He was one of them. |
|
![]() |
![]() |
![]() |
#93 | |
Living Legend
Join Date: Mar 2006
Location: Evanston, IL
Age: 37
Posts: 15,994
|
Re: How to Fix Social Security
Quote:
If we have a seemingly endless supply of the elderly willing to work for minimum wage to support their retirement, that seems like it would be economically beneficial. On a humanitarian standpoint, that's probably a less-than-ideal way to finish ones working years, but at least it would serve as a model situation to be avoided for younger generations.
__________________
according to a source with knowledge of the situation. |
|
![]() |
![]() |
![]() |
#94 | |
A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 45
Posts: 12,439
|
Re: How to Fix Social Security
Quote:
__________________
God made certain people to play football. He was one of them. |
|
![]() |
![]() |
![]() |
Thread Tools | |
Display Modes | |
|
|